Raanan Katz’s RK expands retail portfolio in Broward with $36M buy

Raanan Katz is back on the retail court with his $36 million purchase of a shopping center in Broward County.  An affiliate of Katz’s Sunny Isles Beach-based RK Centers bought Riverbend Marketplace at 2510 to 2670 West Broward Boulevard in Fort Lauderdale, records show. Katz’s family run firm is a prolific investor in South Florida shopping centers, buying and selling properties that consistently trade at competitive prices. A former professional basketball player, Katz is also a minority owner of the Miami Heat.  RK paid $391 a square foot for the 92,007-square-foot retail facility. That’s about $8.6 million above the previous […]This article originally appeared on The Real Deal. Click here to read the full story.